The Special Tax Regime for workers, professionals, entrepreneurs, and investors relocated to Spanish territory, commonly known as the “Beckham Law”, is aimed at workers, both Spanish and foreign, who move to Spain for work purposes or to telework from Spain. According to this regulation, relocated workers who meet certain requirements have the option to choose… Continue reading Beckham Law: The Special Tax Regime, Beneficial for Digital Nomads and Inpatriates
Tag: spanish taxation
The Beckham Law and its implications on payroll: key aspects
The Beckham Law, formally known as the “special tax regime applicable to workers, professionals, entrepreneurs and investors relocated to Spanish territory”, regulates the taxation, in accordance with non-resident regulations, of the income of individuals relocated to Spain who have acquired tax residence. Since its introduction in 2005, this regulation has been the subject of attention… Continue reading The Beckham Law and its implications on payroll: key aspects
Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
In Spain, “Exit Tax” entails an additional payment for taxpayers with certain assets when changing their tax residence outside the country, linked to the Personal Income Tax (IRPF). This obligation, established in 2015 and common in the European Union, aims to distribute tax authority among member states. It applies to latent gains for those relocating… Continue reading Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
Tax advisor: Beckham Law: pending regulatory development
Foreign workers planning to arrive in Spain in 2023 face some legal uncertainty due to the delay in the approval of the regulations for the ‘Beckham Law,’ which allows foreigners to be taxed through the Non-Resident Income Tax (IRNR) instead of the Personal Income Tax (IRPF), with a fixed rate of 24% up to 600,000… Continue reading Tax advisor: Beckham Law: pending regulatory development
Tax advisor: Constitutional Court Ruling: Support for the Wealth Tax and Disagreements
The Constitutional Court backed the wealth tax, rejecting the appeal filed by the President of the Community of Madrid, Isabel Díaz Ayuso. The ruling, approved by seven progressive votes against four conservative ones, bases its support for the tax on the lack of confiscatory nature and the absence of violation of regional competencies. The dissenting… Continue reading Tax advisor: Constitutional Court Ruling: Support for the Wealth Tax and Disagreements
Tax advisor: The Central Economic-Administrative Court (TEAC) establishes criteria affecting family business succession
Spanish Tax Authority,requires donors to apply capital gains tax in the IRPF on assets transferred in the operation that are not related to business activity. According to a resolution by The Central Economic Administrative Tribunal (TEAC) has upheld an approach that discourages the transfer of family businesses during the owner’s lifetime. According to a TEAC… Continue reading Tax advisor: The Central Economic-Administrative Court (TEAC) establishes criteria affecting family business succession
